It wasn’t exactly the best of runs for this mech system for the past week, but one win managed to make up for most of the tiny losses. Take a look!
If this is the first time you’re reading about this strategy, I suggest you take a look at the system rules before reading on.Also, this version makes use of an adjusted stop loss size on both USD/JPY and GBP/JPY.
The size of the stop loss was adjusted from the original 20% of the first candlestick to 40% of its length.
First up, here’s what went on with USD/JPY:
This pair had three valid inside bar signals for the week, and here’s how these went:
Ack! USD/JPY snagged back-to-back losses, yielding a 20-pip dent for the pair. The last short position is still open for now.
Here’s what went down with GBP/JPY:
This pair also had three valid plays for the week, and here’s how these panned out:
Unfortunately, though, this still wasn’t enough to put the Inside Bar Momentum Strategy in the black for the week as it wound up with a total of 9 pips in losses.
The percentage win/loss depends on how position sizes are calculated.